New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-13

SUING FOR EIGHT MILLION DOLLARS.

SUlNU rON ElpHl MlLLlON DOLLhho'
PIE COLUMBUS, HOOKING VALLEY AND TOLEDo's
CLAIMS AGAINST wINsLOw, LANIER 4 co.
The Columbus, Hooking Valley and Toledo Railway
Company has begun suit to $s0OOoO against
winslow Ianier Co.. its fiscal agents In this CITY, No
complaint has been filed and 1t understood that none
has yet been prepared The su Is similar 10 the one
against exJudge Burke, formerly president
OF the company for the amount which Is penang
IN the Ohio courts That case been tried and de-
cision expected short time The litigation springs
from the change in management at the last annual meet
ing in January, when entirely board OF directors
was elected and John ". Shaw succeeded ex-Judge
Burke president The new officers immediately began
careful investigation Of the companys affairs and after
reganng large lot of securitiestlat missing from
the treasury began the suit against the former president
for the recovery of SsOO0000, which according to the
books the cost of the Hooking Coal and Kali
road property In the consolidation in lsSl. The di-
rectors made Official statement when the examination
was completed, in which it was alleged:
mae p OF ,be p board t of directors held August a.
LIN soo S's shares Prsse' Of the Hog Coal and
Railroad Company for $sOooooo pay aoie IN tle c"so
daed bonds OF company at par the title OF tie stock
TO be taken of the president as trustee The
president reported that ne nad bought ana Paid or the
chase he ratified. approved and confirmed We find no
At the time of the meeting it appears that the
pany had consolidated bonds to dispose TO The entire
issue was $1+,500000 and of this amount $6.5OO.OU0
was with the trustee TO be used only TO pro
vide for the outstanding bonds of the three constituent
companies OF the remainder S64 200 sold early
in November 1881 and the balance WAS turned over to
Burke and other directors or the proceeds OF these
bonds money not penny came into the treas
ury Of the company so far as the investigation has
shown
At the office of winslow, Lanier Co. it was said:
We know nothing about the suit. Ne did buy 5000.
900 consolidated bonds of the Columbus, Hooking Val
ley and Toledo Railway seine years ago ana recently
we're served on us in some suit which were at once
served on us our counsel and probably the sn is
merely stock jobbing operation Any one can bring
The suit by the company against the former president
likely to result in non suit and i is perhaps TO coun
eract the effect OF this defeat that the suit against us
begun
SEEKING TO REPLACE THE CAR STOVE.
Boston, Nov II tSpeciab.- rhe State law enacted in
June prohibiting the Of ordinary in is
not yet enforced all the roads in Massachusetts
James b. Heuney, superintendent Of motive power OF
the New-York and New.England Railroad, where much
complaint has made account of cold cars says:
1--WE getting into shape fast
as possible and by the time that really cold
weather all OF them will be properly
heated. AT present few in some OF the morning
and evening trains not heated. The cars are fur
nshediwith the ordinary stoves but we not
mted to use them. We are now experimenting with
two systems Of steam heating. the steam being supplied
irem the locomotive, ana we hope 10 be able to
have all trains properly equipped We shall the
spear hotar heater, allowed by the commissioners,
upon suburban trains while upon all our through
train. TO have Baker heaters The difficulty
has been and is that the time given for com
plying with the law too short. The act
passed until June and it went
into effect October l. on several other lines the old
fashioned, prohibited coal and wood stoves still in
and probably will be for months to unless the
travelling public vigorously protest On enc
road official admitted that his
pany had complied with the law. He
thought would be impossible TO provide the requisite
heaters before winter. ON his road IT was
intended at present 70 attempt any
system OF steam supply from the engine The
New-York and New ENGLAND is supplying its cars with
heaters fast possible and is experimenting with
Of locomotive steam supply In the interim such
Of furnished with the Oldfasbioned slave
without heat This road has adopted the policy
of obeyDg the law. without regard 10 the discomfort OF
portion OF its patrons.
PROPOSING NEW LINE TO BUFFALO.
LocKPohT. Nev II (Speciab.-A rumor has gained
much among well informed railway people that
the ayers OF the Rome, WatertOwn AMI Oclensburg
railway system have rejected ARRANGEMENTS by which
the corporation gain easy entrance into the city
Of Buffalo, Ne ;oatiens pending. IL not already
fected with the New-York. Lake Erie AMI Western Rail
way Company for the privilege OF running the trains of
the Rome. wateriown aud Os1ensblrg system from
Lockport through by OF Tonawan la to Buffalo IL
simply To build about nine miles in
length from Ocott to the Nev-York. Lake Erie AMI
Western railway LocxpOrt. Ia consideration
of this valuable privilege 1t Is understood that
express business prive the eTtcndet northern
will he delivered to the grant